Qatari exports grow, inflation remains weak

Mubasher: Real gross domestic product (GDP) growth slowed marginally in Qatar during the fourth quarter mainly due to temporary shutdowns for liquefied natural gas (LNG) maintenance, according to the monthly report of Qatar National Bank (QNB).

Qatari exports grew by 27.3% year-on-year in April, due to higher hydrocarbon prices, especially as oil production rose to 616,000 barrel per day in March, while imports increased by 3.1%.

Inflation rates rose but remain low due to deflation in housing and utilities, with the consumer price index (CPI) levelling up to 0.5% on an annual basis.

Foreign exchange reserves added 4.8% and reached $39.8 billion in April, an equivalent to 6.3 months of import cover.

Mubasher Contribution Time: 14-Jun-2018 12:12 (GMT)
Mubasher Last Update Time: 14-Jun-2018 12:12 (GMT)

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